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Property profile & analytics
OFF-MARKET
Estimated value
$4,055,000
Warehouses
3940 Gilman St Long Beach, CA 90815-1753
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0434654
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
TILT-UP CONCRETE
Total area
10,208 SF
Lot
0.51 ac (22,227 SF)
Zoning code
LBPD7
APN
7218-002-014
UPID
US10-0434654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
izmostock Photography Service (Bike/Boat/Book/etc) Store
-
d’Arnaud Athletics Baseballism Academy Training Center
-
izmomedia Media Distribution
-
izmoFX - Automotive CGI and VR Company Model Design Company
-
izmostudio Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.46M
Blend (final)
Blend
$4.06M
Owner & transaction history
Darnaud Holdings LLC · 3 yrs held
Darnaud Holdings LLC
since 2023
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
LBPD7 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+124.5%
Neighborhood: shopping center
$6.0M
+112.7%
Office building
$3.6M
+27.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,260,000
ML approach
$4,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,835,000
Current use
RESTAURANT
$6,365,000
Change: +124% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,035,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$3,615,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,230,000
Change: +14% · Conversion: Easy
RETAIL STORES
$2,870,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,605,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$4.06M
Range $3.65M – $4.46M · ±10% · vs last sale $3.70M (Jun 29 2023)
Last sale anchor
$3.70M
Jun 29 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$397 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,421
Tax year 2024
Assessed value
$3,774,000
Assessed 2024
Previous assessed
$3,774,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,836,000
Assessed improvement
$1,938,000
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
10,208 SF
Lot
0.51 ac (22,227 SF)
Zoning code
LBPD7
APN
7218-002-014
UPID
US10-0434654
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD7 · Long Beach, CA
Zoning LBPD7 · permitted uses
LBPD7 · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
RESTAURANT
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Darnaud Holdings LLC
Entity
Mailing address
12042 MONTECITO RD, LOS ALAMITOS, CA 90720-4511
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
$3,700,000
Darnaud Holdings LLC
William E Tarver
Grant Deed
—
Jul 1, 2022
—
William E Tarver
William E Tarver
Intrafamily Transfer
related
—
Jul 13, 1994
$610,000
Tarver,william
Bald,james & Mar
Trustees Deed
$549,000 · National Bank Long Beach
Jul 13, 1994
—
William E Tarver
Tarver,d M
Quit Claim Deed
related
—
—
—
William E Tarver
—
Deed Of Trust
related
$500,000 · Comerica Bank California
—
—
William E Tarver
—
Deed Of Trust
related
$549,000 · National Bank Long Beach
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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